CALGARY, ALBERTA - Touchstone Exploration Inc. ('Touchstone' or the 'Company') (TSX, LSE: TXP) announces that on September 8, 2022, non-executive director Stanley Smith exercised share options representing a total of 91,665 common shares of no par value in the Company ('Common Shares') at a price of C$0.48 per Common Share that were previously granted in 2020 in accordance with the Company's Share Option Plan.

Application has been made for the 91,665 new Common Shares, which will rank pari passu with the Company's existing issued share capital, to be admitted to trading on AIM ('Admission'), which is expected on September 15, 2022. Immediately following Admission, the Company's issued share capital will consist of 213,112,826 Common Shares. The Company does not hold any Common Shares in treasury. This figure may be used by shareholders to determine if they are required to notify their interest in, or a change to the interest in, the Company. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

Touchstone Exploration Inc.

Touchstone Exploration Inc. is a Calgary, Alberta based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company's common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol 'TXP'.

Contact:

Touchstone Exploration Inc.

Mr. Paul Baay

President and Chief Executive Officer

Tel: +1 (403) 750-4487

Mr. Scott Budau

Chief Financial Officer

Shore Capital

Nominated Advisor and Joint Broker

Daniel Bush

Toby Gibbs

Iain Sexton

Tel: +44 (0) 207 408 4090

Canaccord Genuity

Joint Broker

Adam James

Gordon Hamilton

Tel: +44 (0) 207 523 8000

Camarco

Financial PR

Billy Clegg

Emily Hall

Lily Pettifar

Tel: +44 (0) 203 781 8330

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